2024 UGX to PHP Historical Review

YEARLY HIGH

0.0163 PHP

YEARLY LOW

0.0142 PHP

YEARLY AVERAGE

0.0153 PHP

2024 UGX to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the UGX to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 0.0163. Conversely, the yearly low was recorded on March 11, dropping to 0.0142.

This high-to-low spread represents a total annual volatility of 0.0022 PHP. From a start-to-finish perspective, comparing the January average rate of 0.0147 to the December average rate of 0.0159, the exchange rate registered a net change of 8.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0163 was up 4.49% compared to the 2023 peak of 0.0156, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 UGX based on timing:

Yearly Peak High 82 PHP

2023 Average 75 PHP

Yearly Trough Low 71 PHP

Transaction Impact: A difference of 10.78 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0161

0.0142

JanuMarcMayJulySeptNove

UGX to PHP Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0149, compared to 0.0156 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0149

H2 Avg (Jul–Dec) 0.0156

Volatility Range Comparison

Volatility

The most volatile month in 2024 was April, with a trading range of 0.0007 PHP (High: 0.0152 / Low: 0.0145). On the other end, November was the most stable month, with a tight range of 0.0002 PHP (High: 0.0161 / Low: 0.0159).

April Spread (Volatile) ±0.0007

November Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0005 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0159) against the same month in 2023 (average: 0.0147), the exchange rate shifted by +0.0013 (+8.62%).

2024 Avg (December) 0.0159

2023 Avg (December) 0.0147

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0148	0.0146	0.0147
February	0.0147	0.0142	0.0145
March	0.0145	0.0142	0.0144
April	0.0152	0.0145	0.0149
May	0.0154	0.0151	0.0153
June	0.0159	0.0154	0.0156
July	0.0159	0.0157	0.0158
August	0.0157	0.0151	0.0153
September	0.0152	0.0149	0.0151
October	0.0159	0.0153	0.0157
November	0.0161	0.0159	0.0160
December	0.0163	0.0157	0.0159